The9 Limited Announces Board Approval of Buy-back of Up to US$50 million of its Shares

The9 Limited Announces Board Approval of Buy-back of Up to US$50 million of its Shares

November 20, 2007

    SHANGHAI, China, Nov. 20 /Xinhua-PRNewswire/ -- The9
Limited (Nasdaq: NCTY) ("The9"), a leading online
game operator in China, announced today its Board of
Directors has authorized a buy-back of up to $50 million of
its American Depositary Shares, each of which represents one
share of The9's ordinary shares.  The company will buy the
shares in the open market and expects the purchases to be
funded from existing cash reserves.

    Jun Zhu, Chairman and Chief Executive Officer of The9
said, "Our business and competitive position in China
continue to be strong and therefore we are confident of the
company's future performance.  We think that the current
shares price level do not reflect the company's value and
potential.  Mirroring this confidence, our board of
directors has authorized the company to repurchase up to
$50 million of its own stock.  We believe that this is a
good investment opportunity for the company to repurchase
its own shares at the prevailing price level."

    About The9 Limited

    The9 Limited is a leading online game operator in
China.  The9's business is primarily focused on operating
and developing high-quality games for the Chinese online
game market.  The9 directly or through affiliates operates
licensed MMORPGs, consisting of MU(R), Blizzard
Entertainment(R)'s World of Warcraft(R), Soul of The
Ultimate Nation(TM), and its first proprietary MMORPG,
Joyful Journey West(TM), in mainland China.  It has also
obtained exclusive licenses to operate additional MMORPGs
and advanced casual games in mainland China, including
Granado Espada, Guild Wars, Hellgate: London, Ragnarok
Online 2, Emil Chronicle Online, Huxley(TM), FIFA Online 2,
Audition 2 and Field of Honor.  In addition, The9 is also
developing two proprietary MMORPG games, Fantastic Melody
Online(TM) and Warriors of Fate Online.

    Safe Harbor Statement

    This announcement contains forward-looking statements. 
These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform
Act of 1995.  These forward-looking statements can be
identified by terminology such as "will,"
"expects," "anticipates,"
"future," "intends," "plans,"
"believes," "estimates" and similar
statements.  Among other things, the business outlook and
quotations from management in this press release contain
forward-looking statements.  The9 may also make written or
oral forward-looking statements in its periodic reports to
the U.S. Securities and Exchange Commission on Forms 20-F
and 6-K, etc., in its annual report to shareholders, in
press releases and other written materials and in oral
statements made by its officers, directors or employees to
third parties.  Statements that are not historical facts,
including statements about The9's beliefs and expectations,
are forward-looking statements.  Forward-looking statements
involve inherent risks and uncertainties.  A number of
important factors could cause actual results to differ
materially from those contained in any forward-looking
statement.  Potential risks and uncertainties include, but
are not limited to, The9's limited operating history as an
online game operator, political and economic policies of
the Chinese government, the laws and regulations governing
the online game industry, information disseminated over the
Internet and Internet content providers in China,
intensified government regulation of Internet cafes, The9's
ability to retain existing players and attract new players,
license, develop or acquire additional online games that
are appealing to users, anticipate and adapt to changing
consumer preferences and respond to competitive market
conditions, and other risks and uncertainties outlined in
The9's filings with the U.S. Securities and Exchange
Commission, including its annual reports on Form 20-F. 
The9 does not undertake any obligation to update any
forward-looking statement, except as required under
applicable law.






    For further information, please contact:

     Ms. Dahlia Wei
     Senior Manager, Investor Relations
     The9 Limited
     Tel:    [phone]
     Email:  [e-mail]
     Web:    http://www.corp.the9.com